0I0H Stock | | | 11.04 0.82 6.91% |
Cleveland Cliffs financial indicator trend analysis is way more than just evaluating Cleveland Cliffs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cleveland Cliffs is a good investment. Please check the relationship between Cleveland Cliffs Total Assets and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Cleveland Stock please use our
How to Invest in Cleveland Cliffs guide.
Total Assets vs Total Current Assets
Total Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cleveland Cliffs Total Assets account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cleveland Cliffs' Total Assets and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Cleveland Cliffs, assuming nothing else is changed. The correlation between historical values of Cleveland Cliffs' Total Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Cleveland Cliffs are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Cleveland Cliffs' Total Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Cleveland Cliffs assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cleveland Cliffs books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Cleveland Cliffs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cleveland Cliffs current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Cleveland Stock please use our
How to Invest in Cleveland Cliffs guide.
Tax Provision is likely to drop to about (134
M) in 2024.
Selling General Administrative is likely to drop to about 152
M in 2024
Cleveland Cliffs fundamental ratios Correlations
Click cells to compare fundamentals
Cleveland Cliffs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cleveland Cliffs fundamental ratios Accounts
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Additional Tools for Cleveland Stock Analysis
When running Cleveland Cliffs' price analysis, check to
measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to
predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.